Zynga Trading Halted After Facebook Debut Sparks 13 Percent Drop

Submitted by Guest on

Written by :

Guest

Published on :

SAN FRANCISCO -- (Market Watch -  Shares of Zynga Inc. were halted in morning trades Friday after the stock fell by more than 13 percent.

Camasino-051512.jpg

Trading was halted after Facebook Inc. began trading in its much-awaited initial public offering.

Other social networking shares were also down in morning trades. LinkedIn was trading down more than five percent, while Groupon was off 7.5 percent and Yelp Inc. tumbled more than six percent.

Also in the red were shares of Renren Inc., the China-based social networking company, which were down more than 12 percent.

Shares of Facebook were trading mostly flat at $38.

 

Related Content

Chumba Casino to Remain in Oklahoma Following Sweepstakes Casino Ban, Introduces Chumba Spins

Chumba Casino to Remain in Oklahoma Following Sweepstakes Casino Ban, Introduces Chumba Spins

Oklahoma's sweepstakes casino ban went into effect Sunday November 1.
Revisiting the So-Called 'Winna.com Casino Scam'

Revisiting the So-Called 'Winna.com Casino Scam'

The most recent TrustPilot reviews of Winna.com are especially head scratching. All are one star interspersed with a few five star reviews that tend to lack in substance.
What's Up With those Crown Coins Better Business Bureau Complaints?  Update

What's Up With those Crown Coins Better Business Bureau Complaints? Update

Crown Coins is considered a leader in the US-facing sweepstakes casino sector with its site frequently appearing atop affiliate-created content appearing all over news feeds, often via real local city and regional digital newspaper feeds.
Jersey City Based Borgata Online Pays Out $1 Million on a $4 Spin

Jersey City Based Borgata Online Pays Out $1 Million on a $4 Spin

The Quantum Crown MegaJackpots win comes amid a strong resurgence for Borgata Online following its July 2026 relaunch, with average daily active players across New Jersey and Pennsylvania increasing 28% versus the brand's February pre-launch benchmark.